The cryptocurrency market experienced a decline over the weekend. However, certain cryptocurrencies have witnessed notable increases in their values. As a result, they were recognized as the best performing altcoins over the weekend. Crypto analyst Valdrin Tahiri draws the technical picture of the prices of 3 altcoins that were the stars of the weekend.
This altcoin leads the weekend gainers
CRV price has fallen below a descending resistance line since February 21. This line has caused numerous rejections, most recently on July 14 (red icon). This rejection accelerated the rate of decline. It also led to a low of $0.38 on September 13. However, the price then jumped and has increased ever since. CRV is currently in the process of reclaiming the $0.50 horizontal area. If the altcoin price is rejected from the $0.50 area, it is possible that it will drop by 40%. Thus, it is likely to reach the horizontal support area at $0.30.
CRV Daily Chart. Source: TradingViewIf CRV reclaims the $0.50 area, it will still not confirm a bullish trend reversal. To do this, the price needs to break above the descending resistance line. If this is the case, a rise to the next resistance at $0.85 is possible. This represents a 60% increase measured from the current price.
LINK cleared resistance, eyes higher
LINK price has increased since its low of $5.60 on August 17. After some consolidation, the price formed a higher low on September 11. Moreover, it subsequently accelerated the rate of increase. On September 19, the altcoin price broke out of the descending resistance line that has been in place since July 20. This indicates that the previous correction has ended.
LINK Daily Chart. Source: TradingViewIf the rise continues, the next resistance will be at $8.35, a 15% increase from the current price. On the other hand, if the uptrend loses momentum, it is possible for the altcoin price to drop to the descending resistance line, currently at $6.40. This will mean a decrease of 12%.
This altcoin is struggling with resistance
As you follow from Kriptokoin.com, the Aptos price has increased since September 11. The increase accelerated on September 24. However, despite the upward move, the price failed to surpass the $5.70 horizontal area. This area had previously served as support since June 2023. Also, it has now apparently turned into resistance. The area also coincides with a decreasing resistance line since early June. Therefore, the altcoin price trend cannot be considered bullish until this level is regained.
APT Daily Chart. Source: TradingViewIn such a case, it is possible for APT to increase by 40% and reach the $7.85 resistance area. However, if a rejection follows, the altcoin price is likely to drop 30% to $4.
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